TEA requests members to ask their buyers to increase garment prices

Raja M Shanmugham, President said in our Association Executive Committee meeting held on 14th July 2018 at Hotel Velan, the committee discussed on the increase in cotton yarn prices, job working charges, accessories prices including other related expenses and felt that the continuation of the same prices would certainly lead to a difficult situation and sustain in the business.

Raja M Shanmugham said considering the current scenario, the Executive Committee unanimously decided to ask our members to send a communication to their buyers to increase the garment prices by 10 per cent while finalizing the new orders to compensate the increase in prices. He also finally noted that the units are taking a lot of measures and implementing latest techniques to increase their efficiency and also to enhance competitiveness.